Dr Reddy [Pharma Play]

Stock has has been correcting for a while.
Nifty Pharma has also been correcting and could show rebound anytime soon.

• Stock has taken strong support at 4800-4850 levels and has given a rebound as well.
  
• Good time to start accumulating the stock.
  
• MACD is has also given sign for reversal.
  

1st Target: 5330
2nd Target: 5500
SL@4700